NYSE:ELPersonal Products
Estée Lauder (EL) Is Up 6.0% After Major Restructuring And EPS Update Has The Bull Case Changed?
In early May 2026, The Estée Lauder Companies reported third-quarter fiscal 2026 sales of US$3,712 million and net income of US$89 million, narrowed its full-year EPS outlook to US$0.69–US$0.83, flagged a 2% sales headwind for the fourth quarter, affirmed a US$0.35 dividend, and continued addressing legal issues including data-breach and shareholder settlements.
At the same time, the company moved ahead with a broad restructuring that includes cutting nearly 20% of its global workforce while...